Shearman & Sterling, Barros & Errázuriz and Milbank advised on the transaction
Transelec finalized the refinancing of a dollar-denominated syndicated loan with The Bank of Nova Scotia, Bank of Tokyo-Mitsubishi UFJ, Ltd., DNB Bank ASA, and Export Development Canada and pesos-denominated with Scotiabank Chile and Banco del Estado de Chile.
Transelec S.A. is based in Santiago de Chile and owned by the Canadian consortium Transelec Holding Rentas Limitada. The company engages in high voltage electric transmission in Chile.
In 2017, Transelec was allocated the construction of a 500KV line in the Region of Antofagasta for the consortium Abengoa – Kipreos Ingenieros, which in 2019 will be added to the 10,000 km of lines and 60 substations of 500 kV and 220 kV which Transelec owns in Chile.
In New York, Shearman & Sterling advised Transelec S.A. with Denise Grant.
Milbank advised The Bank of Nova Scotia, Bank of Tokyo- Mitsubishi UFJ, Ltd., DNB Bank ASA, Export Development Canada, Scotiabank Chile, Banco del Estado de Chile and DNB Bank ASA, Sweden Branch with with Carlos T. Albarracín (Picture) Andrés Osornio Ocaranza and Gonzalo Guitart.
Barros & Errázuriz advised the banks with Francisco De la Barra, Víctor Barros Echeverría, Nicole Ubal and Pedro Pablo Cruz.
Involved fees earner: Francisco de la Barra – Barros & Errázuriz Abogados; Víctor Barros Echeverría – Barros & Errázuriz Abogados; Nicole Ubal – Barros & Errázuriz Abogados; Pedro Pablo Cruz – Barros & Errázuriz Abogados; Carlos Albarracín – Milbank; Andres Osornio Ocaranza – Milbank; Denise Grant – Shearman & Sterling;